Related Products

Residents of 10 states could qualify for up to $2,600 with this lender.

You may need a loan to cover your bills after an expensive month, but you don’t qualify for a traditional bank loan because your credit isn’t the best. An installment loan from Jora could be a way out of a number of financial emergencies.

Read our review to learn about the pros and cons of borrowing as well as what you’ll need to know if you decide to apply.

Do you live in one of Jora's eligible states?

Jora offers installment loans in the following 10 states only: Alabama, California, Delaware, Idaho, Missouri, New Mexico, North Dakota, South Carolina, Utah and Wisconsin.

If you don’t live in one of those states, check out our guide on loan options by state to find a provider for you.

How does an installment loan from Jora work?

An installment loan from Jora allows you to borrow money to cover any type of expense. Jora offers loans between $500 to $2,600, although some states have varying minimum amounts. Unlike some other installment loan lenders, Jora doesn’t require you to have a set minimum income and doesn’t limit your income to what you earn from a job. If you have retirement, disability or unemployment checks, you may still qualify for a loan.

The application process is quick, and you’ll know if you’ve been approved within minutes. Jora doesn’t charge fees for early or missed payments. Jora also offers its users a series of budget and career planning tools under its Allay program that can help you determine how you can shape your future financial situation.

As with most installment loans, Jora has high interest rates. APR ranges between 186–349%, depending on how much you borrow, what state you live in and how often you make a payment.

What are the benefits of an installment loan from Jora?

Quick application process. If you’re in a hurry, Jora’s application only takes a few minutes to complete, and you’ll know if you’ve been approved shortly after.

Personal finance resources. Jora provides a series of tools through its Allay program to help you understand your finances, debts and what you can do to take control of your situation.

Apply with bad credit. Not everyone has the best credit, and Jora understands. No matter your current financial situation, you can apply with Jora and it bases its decision on more than just your credit score.

Use your loan as you see fit. If you’ve been approved, use your loan funds for just about any purpose, whether you need a car repair or pay down debt.

Are there any drawbacks to consider?

Jora is a high-cost credit option. Before you apply, be aware that you’ll likely see loan terms with high interest rates and large twice-monthly or monthly payments.

High costs. Like many installment loans, you’ll see high interest rates. This — in addition to fees — affects the total cost of your loan, causing you to pay much more than the initial loan amount. If you try out Jora’s cost calculator, it may be jarring to see how much higher the total payback amount is than the initial loan amount. Keep in mind you can pay off your loan early without any penalty charges.

Not available everywhere. If you don’t live in one of the states serviced by Jora, you won’t be able to get a loan through this provider.

Frequent repayments. Although using auto pay is convenient, if you don’t have enough money in your checking account to cover the payment, you may be subject to your bank’s overdraft fees.

Loan funding may take days. If you apply for a loan through Jora after it’s hours of operations, funding for your loan could take days.

How does Jora compare to other installment loan providers?

Rates last updated February 18th, 2018

Personalize your loan options

Please select your state to continue.

Entering your location allows us to show you the loans you can successfully apply to.

Compare up to 4 providers

Is it safe to apply with Jora?

Yes. Jora uses a number of physical and electronic technologies to keep your information safe and protected against potential hackers. This includes website encryption, virus protection software and it automatically logs you out of your account after inactivity. It’s a good idea to take general precautions when entering personal and financial information online — such as changing your passwords regularly and not saving info on shared computers.

What do customers say about Jora?

While Jora does not have a page on the Better Business Bureau, it did receive an average score of 8.4 out of 10 from reviewers on Trustpilot. Many customers cited the easy application and good customer service as reasons to go with the loan. The few negative reviewers were upset by the high interest rate, but as with these type of high-cost installment loans, you should expect a significant amount of your monthly payments to go toward interest.

Am I eligible?

Before you apply, check the eligibility list below to make sure you qualify. You should:

Be at least 18 years old (19 in Alabama)

Have a regular source of income

Have an email address

Have an active checking account

In addition, Jora only serves residents ofAlabama, California, Delaware, Idaho, Missouri, New Mexico, North Dakota, South Carolina, Utah and Wisconsin. You’ll be required to supply a driver’s license number to confirm your state of residence.

How do I apply?

1. Click Visit Site on this page, enter your full name and email address to begin.

2. Create your account by selecting your state of residency and date of birth. You’ll need to create a password and agree to the privacy disclosure before moving to the next page.

3. Provide your personal information including your address, Social Security number, driver’s license number and a phone number. Enter information about your income and your finances including your bank account number and your bank’s routing number.

4. Submit your application on the fourth page. If you’re sure you’re ready to apply, agree to the terms and click Submit.

After you apply, Jora will display an approval decision. Jora will provide one of three responses: approved, denied or conditionally approved. If you’re conditionally approved, you may need to submit extra information to confirm your identity.

Screenshots of the application process

I was approved. What happens next?

After you receive your loan funds, you’ll be able to spend the cash how you want. Consider budgeting for your payments by select bi-weekly (twice a month) or monthly payments, and have the payment amount in your account on the due date. If you’ve chosen to pay by money order or check, mail these off ahead of time.

Your loan contract will have all the important details, so read it over, and don’t hesitate to contact Jora if you have any questions about your payment schedule or loan terms.

Bottom line

At the end of the day, an installment loan from Jora can help you out of a rough situation. Be sure to budget for the potential costs and compare your options so you can get the best terms for your needs.

Frequently asked questions

You can apply for a loan though Jora if you’re a resident of one of the following states:

Alabama

California

Delaware

Idaho

Missouri

New Mexico

North Dakota

South Carolina

Utah

Wisconsin

Yes, Jora will request your credit report after you’ve submitted your application. But there is no minimum credit score to qualify.

No. Payday loans are short-term credit options for people who want to borrow less than $1,000 and pay it back within a few days or weeks. An installment loan works differently. You’ll be able to borrow more, and rather than having to repay your loan on your next payday, you have months to pay back your loan.

Yes. Jora doesn’t have a prepayment penalty. This means you can pay back your full loan amount at any time, which will reduce the total cost of interest you’ll pay.

Ask an Expert

Do not enter personal information (eg. surname, phone number, bank
details) as your question will be made public

finder.com is a financial comparison and information service, not a bank or
product provider

We cannot provide you with personal advice or recommendations

Your answer might already be waiting – check previous questions
below to see if yours has already been asked

Your Question

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.

We endeavor to ensure that the information on this site is current and accurate
but you should confirm any information with the product or service provider and
read the information they can provide. If you are unsure you should get independent
advice before you apply for any product or commit to any plan.

finder.com is an independent comparison platform and information service that
aims to provide you with the tools you need to make better decisions. While we
are independent, we may receive compensation from our partners for featured placement
of their products or services. We may also receive compensation if you click on
certain links posted on our site.

How likely would you be to recommend finder to a friend or colleague?

Thank you for your feedback.

Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.

Advertiser Disclosure

finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, we may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.